Australia’s home loan wars heat up

Home loan interest rates are on the rise, thanks to back-to-back cash rate hikes from the Reserve Bank of Australia that have seen the country’s official interest rate jump to 0.85%. The RBA’s move comes off the back of the fastest acceleration of inflation in over two decades, representing a...

4 simple ways to save for a home deposit

Given the median value of a home in Melbourne was over $800,000 in April, it’s no wonder that getting on the property ladder can seem tough. Your biggest challenge? Saving that all-important deposit – which can take years of scrimping and saving. But all is not lost. With a solid...

Single parent home loan. Yes, it’s possible!

With more than 60% of marriages ending in divorce, it is no longer seen as out of the ordinary to be a single parent. In fact, single parents are creating a large market of their own within the property market. Traditionally, lenders have frequently struggled to work in this space...

Melbourne property prices

Melbourne property prices increased by another 1.3% in July, according to CoreLogic. That latest rise takes the median value to $762,068 – 10.4% higher than the same time last year. However, there are signs the booming market is losing steam with the national monthly growth rate trending lower since March....

First home buyers

First home buyer activity is almost at record levels. Why? Because now is a very good time to be a first home buyer.Interest rates have never been lower. State governments are offering grants and stamp duty concessions. And the federal government has three schemes to help first home buyers: First...